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The 'network economy' and models of the employment contract: psychological, economic and legal

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  • Marsden, David

Abstract

The emergence of the so-called ‘network economy’ and the development of project-based work pose a fundamental challenge to established methods of regulating the employment relationship. There appears to be an unsatisfied demand for its greater use, especially among employers, and it is argued that this may be blocked by the lack of suitable contractual forms, such as those that have underpinned the established open-ended employment relationship. Project-based work seeks to retain some of the open-ended flexibility of the standard employment relationship in relation to its task content but not its duration. The paper argues the success of the standard employment relationship owes much to the articulation of its psychological, economic/incentive, and legal aspects. As yet, this appears to be lacking for more transient forms of relationship.

Suggested Citation

  • Marsden, David, 2004. "The 'network economy' and models of the employment contract: psychological, economic and legal," LSE Research Online Documents on Economics 4676, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:4676
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    References listed on IDEAS

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    Cited by:

    1. Alberto Battistini, 2006. "The Role of Inter-Group Relationships in Institutional Analysis," Department of Economics University of Siena 487, Department of Economics, University of Siena.
    2. Schmidt, Angelika, 2013. "The Implications of Flexible Work: Membership in Organizations Revisited," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 24(3), pages 179-198.

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    More about this item

    Keywords

    Network economy; Labor Contracting; Labor Law; Labor-Management Relations;
    All these keywords.

    JEL classification:

    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
    • M55 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Contracting Devices
    • K31 - Law and Economics - - Other Substantive Areas of Law - - - Labor Law
    • J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence

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